China’s purchases are ‘lacking’ but the U.S. is still ‘happy’ with the trade deal, ex-White House negotiator says



Huileng Tan | CNBC

The U.S.-China trade deal is more than just about buying more American goods, said a former top White House trade negotiator on Friday.

“There is a whole structural side to this deal and on the structural components, whether it comes to intellectual property, financial services, market access and having China change some of its laws on agriculture, China is more or less, doing what it said it was going to do,” said Clete Willems, a former deputy director of the National Economic Council.

“And that’s why even though you have these purchases lacking, you have the U.S. still saying that it’s happy with the deal,” said Willems, who was previously part of the U.S. team negotiating with China. He left his position in the White House last year and is now a partner at law firm Akin Gump.

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